The survey found that around 67 per cent of respondents have yet to consider the implementation challenges of auto-enrolment in any detail. It states that however none of the organisations surveyed expects to reduce defined contribution (DC) rates for existing pension savers....
401(k) plans are tax-advantaged accounts to save for retirement and are defined contribution plans offered by employers. Employees contribute through automatic payroll withholding and the employer can add money to provide matching contributions. For example, your employer might contribute up to 5% of...